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and then the realities of washington smacked him in the head. >>> january 2009. the president's promises of hope and change would be put to the test by the worst financial crisis in modern history. >> you look at any important economic statistic. they were collapsing faster in the fall of 2008 than they had collapsed in the fall of 1929. >> 11 million americans unemployed. 13 million homes in foreclosure. the president's chief economist saw an unprecedented hole opening in the economy. >> we were hanging on the edge of a cliff. in fact, we were starting down that, down into the abyss. >> for once, most in washington agreed. something had to be done. >> things were bad. it needed to be big. it needed to be bold. >> but there were vast disagreements on how bold. some in the president's party wanted a rescue plan close to $2 trillion. >> it's a funny thing to say, but every $100 million helps. so by doing a bigger program than what had been on table absolutely meant we were getting more job creation, more help for the economy. >> republicans balked at anything appro
and then the realities of washington smacked him in the head. >>> january 2009. the president's promises of hope and change would be put to the test by the worst financial crisis in modern history. >> you look at any important economic statistic. they were collapsing faster in the fall of 2008 than they had collapsed in the fall of 1929. >> 11 million americans unemployed. 13 million homes in foreclosure. the president's chief economist saw an unprecedented hole opening in...
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they came before our cameras yesterday in washington, john. they did talk about the election being a voice from the american voters for a call for compromise. and you heard both men talking about working together to fix the country's problems along with the president. but at the same time, you also heard both men laying down markers and both men disagreeing on whether whether it comes to the fiscal cliff the wealthy should be taxed. take a look at what they said. >> it won't solve the problem of our fiscal imbalance overnight. certainly won't do it in a lame duck session of congress. and it won't be solved simply by raising taxes or taking a plunge off the fiscal cliff. >> the vast majority of the american people rich, poor, everybody agrees that the rich, richest of the rich have to help a little bit. >> another disagreement, john boehner the house speaker talking about doing a framework but getting a new deal done with the new congress. harry reid saying let's not kick the can further down the road. negotiations really get under way next wee
they came before our cameras yesterday in washington, john. they did talk about the election being a voice from the american voters for a call for compromise. and you heard both men talking about working together to fix the country's problems along with the president. but at the same time, you also heard both men laying down markers and both men disagreeing on whether whether it comes to the fiscal cliff the wealthy should be taxed. take a look at what they said. >> it won't solve the...
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Nov 20, 2012
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they're going to have to fix it, so don't mess it up, washington. that's my one plea this morning because you finally have some optimism about it. you also had some great housing news. and that's something that really fed into this rally. i had -- you know, i saw the dow up at 9:30 yesterday, it was up 130 points and then came this existing home sales report, and it went up 200 points. you know, average -- median home prices are up 11% from a year ago. that number is shocking to me. in one year, you've seen the value of the home go up 10%. now, remember, it's been a horrible, horrible five or six years in housing, but you're seeing that there is some momentum here. 31% of buyers were first-time homebuyers. they're looking at super-low mortgage rates, and thief beey'n out of the market so long. 29% of all home sales in october were cash. cash! >> what does that mean, though? there's something going on. >> it means investors, people with a lot of money -- a lot of these are investors, it's money from brazil, latin america and china going into literall
they're going to have to fix it, so don't mess it up, washington. that's my one plea this morning because you finally have some optimism about it. you also had some great housing news. and that's something that really fed into this rally. i had -- you know, i saw the dow up at 9:30 yesterday, it was up 130 points and then came this existing home sales report, and it went up 200 points. you know, average -- median home prices are up 11% from a year ago. that number is shocking to me. in one...
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Nov 14, 2012
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this idea that this is not fixed in washington, it's fixed outside of washington. it will get fixed in washington but there's a lot of pressure now on the next five weeks or so to really get this done. >> so we expect any real outcomes? >> no. this is a make nice, president obama has to work hard to not look like he's working against the business community and yet at the same time understand he's putting enough pressure on them. >> if you would like to see them put pressure on congress as well -- >> these are donors to campaigns in many cases and there's a big risk between the president and the chamber of commerce, the u.s. chamber of commerce. they are not invited to this meeting so the president is working around his fiercest critics in the business world. >> ali velshi, great to see you. >> thank you for being here. >>> 25 minutes after the hour. two four-star generals, twin sisters, 30-pages of e-mails. america's longest war, is something going on here? a confusing mess in one of the strangest scandals to hit washington in recent memory. all the new details and
this idea that this is not fixed in washington, it's fixed outside of washington. it will get fixed in washington but there's a lot of pressure now on the next five weeks or so to really get this done. >> so we expect any real outcomes? >> no. this is a make nice, president obama has to work hard to not look like he's working against the business community and yet at the same time understand he's putting enough pressure on them. >> if you would like to see them put pressure on...
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we're coming to you live from washington, d.c. this morning. election drama could extend well beyond today's vote, for example, there's a possibility of an electoral college tie, 269-269. in the unlikely event that that happens, tom foreman has a blow-by-blow of the rules that would determine who becomes president and who becomes vice president. take a look. >> reporter: hey, soledad, even if every single state out there votes as anticipated, each one of these liens represents a way in which the battleground states could come together to produce an electoral tie, 269 votes for each of the candidates. if that happens, everything changes. here's rule number one. the incoming house of representatives would pick the president. that's right. after all this voting, all the ads, all the billions of dollars spent, the folks who are going to gather in this chamber in january would then have the task of deciding on who the president is going to be. rule number two. one vote per delegation or one vote per state. this is actually a big deal. let me bring i
we're coming to you live from washington, d.c. this morning. election drama could extend well beyond today's vote, for example, there's a possibility of an electoral college tie, 269-269. in the unlikely event that that happens, tom foreman has a blow-by-blow of the rules that would determine who becomes president and who becomes vice president. take a look. >> reporter: hey, soledad, even if every single state out there votes as anticipated, each one of these liens represents a way in...
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Nov 16, 2012
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she's in our washington bureau. jill, the president said he'd like to put up a bill right away to extend tax cuts for families earning less than $250,000. that doesn't seem like it'll be a go for john boehner, does it? >> no, at least at this point it doesn't. after all, the republicans want those tax cuts to continue. that's really the nub of it. how far they'll go, it's a very important meeting. this is really it. this is where the president weighs in. it's mano a mano. the person who's taking a harder stance is mitch mcconnell. let's listen to what he says from the senate side. >> we don't happen to think the government needs more revenue. the government spends too much as it is. if democrats are willing to reduce spending and strengthen entitlement programs, which we all know are on an unsustainable path that threatens our own long-term viability and the economic well-being of our children and grandchildren, then we'll be there. what we won't do is raise tax rates. >> okay. so read the fine print. raise tax rate
she's in our washington bureau. jill, the president said he'd like to put up a bill right away to extend tax cuts for families earning less than $250,000. that doesn't seem like it'll be a go for john boehner, does it? >> no, at least at this point it doesn't. after all, the republicans want those tax cuts to continue. that's really the nub of it. how far they'll go, it's a very important meeting. this is really it. this is where the president weighs in. it's mano a mano. the person who's...